BAG’s latest Integrated Report reflects that Matlare, who now sits on two board sub-committees, attended seven of the 14 BAG board and committee meetings he was due to attend in 2013.

“Quite clearly, Matlare cannot manage his diary or is too busy, in which case he should focus on Tiger Brands and Oceana,” Botha continued.

Corporate affairs group executive at Tiger Brands Alex Motshwanetsi Mathole said Matlare was requested to serve on BAG’s social and ethics committee about a year or so into his board tenure.

“(This was done) on the understanding that where there are diary conflicts with Tiger Brands meetings and he is not in a position to attend the meetings, he considers the agenda and submits comments to the chair of the sub-committee, especially when key decisions have to be made,” she added.

Matlare will earn R415 000 for sitting on BAG’s board from May 1 2013 to April 30 2014 – a 13% increase from the previous year.

Over and above that, he will earn R165 000 for sitting on the two sub-committees over the same period.

Barclays Africa Group chairperson, Wendy Lucas-Bull, commented, “There is no doubt that Peter is a valuable asset to all stakeholders and that as a board, we all benefit from having him round the table”.